Buying a house is a decision that is not only related to desire, but also to economic reality. When a person or family group decides to take this step, they must take into account their income and any debts they may have.
One of the institutions that offers this product is Bank of the Ecuadorian Social Security Institute (Biess) intended for members with or without dependents, voluntary members, retirees due to age, disability or disability.
This is how you can access the Biess collateral loan, how much can I lend you?
The subject stated that new or used goods can be purchased with credit up to $90,000, with a maximum term of 25 years. It is also allowed to acquire land or build a house.
The applicant must consider that the gross income corresponds to the last pension contributed by the Ecuadorian Social Security Institute (IESS) in the case of retirees and the average salary of the last 13 months reported to that institution.
A person can dedicate 40% of their net income, which corresponds to gross income minus debts reported for current loans and debts reported in the Credit Registry System.
| Salary | Value to be committed (in dollars) |
|---|---|
| 450 | 180 |
| 500 | 200 |
| 600 | 240 |
| 700 | 280 |
| 800 | 320 |
| 1000 | 400 |
| 1200 | 480 |
| 1500 | 600 |
Biess provides loans at an annual interest rate of 5.99% for the purchase of a ready-made home if it costs up to $90,000 regardless of the term.
Source: Eluniverso
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